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Staqu Raises Rs 11 Cr Pre-Series A Funding Round

The platform aims to utilise the funds to scale up its product development to meet rapidly increasing market demand in audio-video analytics and bolster its presence internationally and domestically

Building on its success and looking to expedite its growth further, Staqu, an AI implementation enabler who works in audio-video analytics and management solution on existing CCTV , has raised INR 11 Cr as part of its Pre-Series A funding round from Mount Judi Venture and  SIS limited. IAN (Indian angel network) existing investor in Staqu took partial exit in the round. In addition, the operationally profitable startup executed an employee stock ownership plan (ESOP) buyback worth INR 1.5 Cr to recognize and reward its employees’ contributions to the company’s growth.

Staqu will be utilising the freshly infused funds to fulfil the current demand for its innovative AI-based audio-video analytics technology JARVIS in the international and domestic markets. The newly raised capital will also be used to bolster the brand’s presence globally, build powerful AI propositions to solve the safety, security, and analytics problems.

 

Commenting on the occasion, Atul Rai, Co-Founder, and CEO of Staqu said “Staqu has been committed to bringing about a revolution across industries using its proprietary AI technology JARVIS. The latest funding will allow us to cater to the rising demand and scale our business. We are thrilled to have eminent investors who understand AI’s immense potential backing us in our journey. We aim to build a safer, smarter, and more efficient society with our offerings. We look forward to achieving our goals and expanding the business.”


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